Question: #4 the answer 443.44 is provided to us. I need the work that shows the steps we took to come up with this answer. Excel

#4 the answer 443.44 is provided to us. I need the

#4 the answer 443.44 is provided to us. I need the work that shows the steps we took to come up with this answer. Excel and financial calculators are not allowed. Thank you

4. A borrower received $4,500 for three years at 8.4% interest payable quarterly. The borrower will use a sinking fund to accumulate the principal. If the sinking fund can earn 5.2% compounded quarterly, determine the total periodic payment. 5. A 10-year loan of $13,000 is obtained at 7.6% payable annually. A sinking fund will be used to accumulate the principal. Determine the total periodic payment, if the sinking fund can earn: a) 6.6% compounded annually. ($1946.83) b) 7.6% compounded annually. ($1902.57) c) 8.6% compounded annually. ($1860.14)

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